According to the National Post. the Energy Independence and Security Act of 2007 restricts Americans from importing alternative fuels if making them generates more greenhouse gases than conventional refining. That would certainly seem to apply to fuel from Alberta's tar sands (a.k.a. "oil sands"). To make the change to petroleum, the Canadian bitumen must be mechanically mined, then intensely heated. Yes, well, Canadian Ambassador Michael Wilson (currently blamed for the NAFTA leaks in the Obama-Clinton race) argues that the Act shouldn't include Alberta's million barrels a day output. In a letter to US officials, Mr. Wilson warned that compromising the tar sands– a key supply of oil to U.S. naval fleets– might have "unintended consequences" for both countries. Meanwhile, after five days of record oil prices, gas prices have risen to $5.20 a gallon in California and even £5 a gallon (110.9p per litre) on UK motorways.
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“Meanwhile, after five days of record oil prices, gas prices have risen to $5.20 a gallon in California…”
I hope that is full-service gas pump in West Hollywood or Beverly Hills with an automated car wash per fill up.
Unleaded regular is still $3.09 a gallon here in Texas.
$1.10/L here in Toronto for the last few days.
Bring on the diesel hatchbacks!
I wish TTAC could fulfill it’s mission and actually report the price of gas pre-tax. The TRUTH is that the stuff is still silly cheap. Reporting the POST tax price is just reinforcing the myth.
I just paid $3.54/gal in Renton, WA yesterday.
Landcrusher :
Here’s a link showing the taxes on gas (a year out of date but the best I can find atm)…
http://commonsensejunction.com/notes/gas-tax-rate.html
That $5.20 price is real, but quite an outlier: http://www.nytimes.com/2008/03/12/us/12gorda.html
Well if the US doesn’t want tar sand oil, I am certain we will no trouble selling the stuff somewhere else. For the oil companies, I believe the transport infrastructure is already in place to get it to the US. Getting it China may take a bit more effort and investment.
China has already invested in the tarsands.
Cuba is drilling for oil off the shore of Florida.
And the USA is burning up its’ food.
How high will gas go before the American people put an end to the nonsense of no drilling for oil, no building nuclear, no burning coal?
Remember when the English played the ‘World Turned Upside Down’?
I guess the next question should be whether the tarsands oil is greener than ethanol. Might be a close run thing.
For every 10 cents gasoline goes up, I am now going to drive 1 mph slower in my F150.
So, when it hits $4/gallon, I’ll be driving 95.
The tarsands are just a huge strip mine with like 40 billion dollars to be invested. Lots of jobs, but be sure to bring a warm coat.
What hurts is American western oil shale is also what I am banking on to keep driving long term.
Does this mean we will leave that 100 billion barrels in ground.
And drive on food so third worlders can starve.
Don’t ask me for quote on the barrels quote. Its prob higher not lower.
Plus my audi wont run on E85.
That western oil shale, located about 300 miles due west of where I sit, has another price to it that shouldn’t be forgotten. For the few barrels of oil shale that have been yet produced, its taken about 10 times as much water to produce it. Future technology may address this problem, but the fact remains- Western Colorado’s oil shale beds lie in arid terrain, where water is more precious than oil. These lands are drained by the Colorado River, and every drop is claimed. Will Phoenix, LA and Las Vegas give up their water rights to keep their tanks full? I doubt it.
Prior Tory and Liberal governments have given away Canada’s right to our own resource, ie via NAFTA!
The size of the Tar sands area is about the size of the State of Florida, all production heads to the uSA via Pipeline, we are hewers of wood and Oil and provinders of Water to the USA! so when this runs out you will have to look elsewhere for Oil.
Canadian Ambassador Michael Wilson (currently blamed for the NAFTA leaks in the Obama-Clinton race)
In point of fact, the current prime suspect in that NAFTA leak is the Prime Minister’s Chief of Staff, Ian Brodie.
http://tinyurl.com/2bapx7